From the category archives:

Hotels in Prague

Number of companies set up in CR in 2007 highest in 5 years

February 7, 2008

A total of 22,507 companies were set up in the Czech Republic last year, up 27 percent against 2006 and the highest number in the last five years, according to data of the Cekia agency.
“Interest in business activities in the Czech Republic is growing in connection with economic boom,” Cekia board member Petra Dolezalova said, [...]

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Low-cost airlines raise passenger numbers in Prague by one-fifth

February 5, 2008

Low-cost airlines raised passenger numbers at the Prague-Ruzyne airport by more than one-fifth to 2.8 million in 2007, Eva Krejci, spokeswoman of the Letiste Praha company which runs the airport, said.
Low-cost airlines had a 22.4 percent market share in Prague last year, up by 2.4 percentage point. Overall, the airport cleared a record 12.4 million [...]

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Czech 2007 foreign trade surplus doubled the record 2006 figure

February 5, 2008

Czech foreign trade showed a surplus of Kc86.1bn last year, more than double the record-high figure seen in 2006, the Czech Statistical Office (CSU) said today.
The improvement came largely thanks to a higher surplus in the category of machinery and transport equipment, a lower deficit in trade in mineral fuels and a shift from a [...]

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Prague bourse down 4.6 pct to 15-mth low

January 21, 2008

As the crises deepens on the world financial markets, share prices on the Prague Stock Exchange (BCPP) sank to the lowest level in over fifteen months. The PX index lost 4.62 percent to 1,489.6 points, according to the bourse results.
Power company CEZ, the most traded title on the bourse, shed over 5 percent to Kc1,170.
Dealers [...]

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Prague bourse lost everything earned in 2007

January 17, 2008

Panics of global markets shattered Prague bourse, it lost all earnings from 2007. Further, what started as morgage crises in US is comming with real influence to Eastern European economies. Financial crises will truly influence the development not only in 13 countries of Eurozone but also the faster growing Eastern European ones. New assumptions of [...]

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Czech National Bank governor expects inflation at 3 pct in 18 mths

January 16, 2008

The recent acceleration of the Czech Republic’s inflation is rather the result of the coincidence of two factors and will soon end, Czech National Bank governor Zdenek Tuma said at the Euromoney Conference in Vienna today.
“We expect that within 12 to 18 months, inflation will again be around 3 percent,” Tuma said.
The Czech Statistical Office [...]

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Prague bourse extends this year’s loss to over 10 pct

January 15, 2008

The Prague bourse fell further today and the loss accumulated since the beginning of this year already exceeds 10 percent, as the PX index shed 1.9 percent to 1,620.2 points, its lowest close since March 6, 2007, the bourse said.
The biggest loser, Erste, dropped 4.44 percent to Kc1,075. developer ECM lost 2.98 percent to Kc846.5 [...]

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Czech crown setting a new record to USD

January 11, 2008

The Czech crown opened at an all-time high to the dollar today, at Kc17.48/USD, on the dollar’s fall in world markets, Patria Online server said.
Before 10:00 a.m. the crown weakened slightly to Kc17.51/USD. The unit is trading at Kc25.88/EUR, 6 hellers away from its record high to the euro.
The dollar started to lose already on [...]

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Czech Republic joins Schengen area

December 21, 2007

Czech citizens can travel freely across almost the whole of Europe without border checks as of today, as the Czech Republic, along with another eight EU newcomers, joined the Schengen area at midnight.
After the entry into NATO in 1999 and into the EU in 2004, this is another significant international event in the Czech Republic’s [...]

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CR contributes Kc94bn to EU budget,gets Kc112bn

December 18, 2007

The Czech Republic is a net recipient from the EU contributing Kc94bn to the EU budget between 2004 and the first half of 2006 and receiving Kc112.3bn, the Local Development Ministry said at a news conference today referring to data of the Finance Ministry.
“For the time being the surplus is not very big,” Deputy Local [...]

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